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Down Trend Changed


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#1 iloli way

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Posted 22 January 2016 - 01:46 PM

Not yet, but price is moving up on its way.

 

Until the Yellow Shadow is really BO in this price structural, still a relief rally.

 

Will follow up thread.

 

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PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
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#2 Ticker

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Posted 22 January 2016 - 02:06 PM

An equal but parallel downtrend line would give a target of around 1940.

 

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#3 iloli way

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Posted 22 January 2016 - 02:23 PM

Ticker, someone's forecast yesterday is very close to yours. I hope both of you are right. bowrie.gif cheer.gif 

 

http://www.traders-t...-1838/?p=739471

 

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PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#4 AChartist

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Posted 23 January 2016 - 10:02 PM

I may call the day I am setting up short end of Feb.

 

I should be buying some long RUT calls in a down day in last week of Jan, I usually

 

do that on the last Tues of month.

 

 

Otherwise I am holding stocks until late Feb, these are small accounts I didn't trade at all

 

in this decline, in the 401k

 

I moved some from cash and bond fund to stocks over a few of the last days down. That

 

account is down 3%, I think there is some NAV falsification going on. My small stock accounts

 

are not bad either. The drop was worse than I expected but my stocks did not cause me alarm

 

to do any hedging. Once I missed the setup for that decline I figured I would just take it and line

 

up better in the wave 2 bounce. I think Feb recovery will be wave ii of 3.

 

That's my idea from bad long term weekly cycles but a daily basis RUT recovery through Feb.


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